Capital Investment Advisory Services LLC Acquires 1,003 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Capital Investment Advisory Services LLC raised its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,467 shares of the company’s stock after acquiring an additional 1,003 shares during the period. Capital Investment Advisory Services LLC’s holdings in Invesco Preferred ETF were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC bought a new position in Invesco Preferred ETF during the fourth quarter valued at $32,000. Gradient Investments LLC grew its holdings in shares of Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after purchasing an additional 1,397 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth about $34,000. Capital Analysts LLC grew its holdings in shares of Invesco Preferred ETF by 91.4% in the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares during the last quarter. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth about $69,000.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.52 on Thursday. The company’s 50-day moving average price is $11.78 and its 200-day moving average price is $11.41. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06.

Invesco Preferred ETF Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.